(1) If a business entity (excluding a small-scale business entity as prescribed by Presidential Decree?or a person whose amount of income is estimated as prescribed by Presidential Decree) falls within either of the following cases, it shall pay 1/100 of the amount paid without the statement or the amount paid with incorrect statement, as a penalty tax, in addition to the final tax amount on global income for the relevant taxable period:
1. If the entity fails to submit the detailed statement of the reception of receipts by the deadline for filing a final return on the tax base of business income;
2. If the detailed statement of the reception of receipts submitted by the entity is recognized as unclear, as prescribed by Presidential Decree.
(2) The penalty tax mentioned in paragraph (1) shall be applied even if there is no calculated tax on global income.[This Article Wholly Amended on Dec. 31, 2019]